Satrix Balanced Index Fund (Tax Free)


The Satrix Balanced Index Fund complies with the limitations of regulation 28 and offers diversified exposure to all the key local and international asset classes, with a smart SA equity core. The Fund tracks a composite index benchmark, with a long term strategic asset allocation, rebalanced on a bi-annual basis.

Quick facts (as at 30 April 2019)

Fees (Incl VAT) 0.40%
Risk Profile Moderate Aggressive
Portfolio Size R 4 247.5 million
Average growth per year 7.59%
Launch Date Oct 2013
Fund Classification SA - Multi-Asset - High Equity
Minimum Investment Amount Lump sum: R10,000 | Monthly: R500
Total Expense Ratio (TER) 0.47%


Annualised Total Return as at 30 April 2019 on a rolling monthly basis
  Fund (%) Benchmark (%)
1 year 2.91 3.64
3 year 5.89 6.93
5 year 7.18 8.35
Since inception 7.59 8.77
Annualised return is the weighted average compound growth rate over the period measured
Highest and lowest annual returns over 10 years/since inception
Highest Annual % 15.99
Lowest Annual % 2.44

Illustrative Cumulative Growth of an investment of R100

Source: Morningstar Direct
Satrix Balanced Index Fund (Tax Free) (ASISA) South African MA High Equity

 Graph Disclaimer

This graph illustrates how an investment of R100 would have grown had you invested for the time period displayed. Like everything in life, all investments can change and come with some degree of risk. That’s why we need this disclaimer, to tell you that past performances are not necessarily a guide to future performances, and that the value of investments/units/unit trusts may go down as well as up. The performance shown by this graph happened in the past and is not guaranteed. The performance is calculated by taking into account initial and ongoing fund manager fees and assumes that you reinvested all the income earned by the fund over this period.

The other line on the graph is for the performance of the designated benchmark of the fund – normally either an index or other funds in the industry that are comparable to the fund you’ve chosen.

The Manager has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its mandate. The actual fund performance can be viewed on the Minimum Disclosure Document. Annualised return is the weighted average compound growth rate over the period measured.

Fund profile: Moderate Aggressive

Conservative Moderate Aggressive

Asset Allocation

9.80% Bonds
1.95% Cash and Money Market Assets
49.24% Equities
6.01% Inflation Linked Bonds
25.07% International Assets
7.93% Property

Top Holdings

Satrix World Equity Tracker Fund I 18.33%

FirstRand / RMBH 4.99%

Anglos 3.17%

Naspers -N- 2.97%

Nedbank 2.95%

Bidvest 2.55%

Telkom 2.48%

GrowthPoint 2.45%

AngloPlat 2.43%

Mondi 2.41%


Our smart online system is working to make investing more profitable for you. The management fee you pay is based on the fund selected and calculated on your total contributions, and then applied to the overall value of your portfolio.

Your investment will NOT charge the following fees:

  • No initial account set-up fees – usually charged at 2%.
  • No switching fees
  • No exit fees
  • No account changes fees
  • No rebalancing fees
  • No commissions
  • No debit order fees
  • No fund manager rebates

So you’re only charged the relevant fund-management fee

  • Total Annual Fee: 0.40%

Portfolio Manager


The Satrix Investment Team

All portfolios are managed and monitored by the Satrix investment team, a group of individuals highly skilled in portfolio management, quantitative research, risk management and portfolio solutions. The Satrix team offers unparalleled experience in efficiently managing index-tracking portfolios. Under leadership of CIO Kingsley Williams and its head of Portfolio Management, Johann Hugo, the team manages index tracking assets in excess of R70 billion.

SIM and Satrix

More about Sanlam Investment Management:

Sanlam Investment Management is the local active asset management house within Sanlam Investments. When choosing a fund managed by us, you have on your side one of SA’s largest and most reputable, risk conscious investment teams, consistently meeting or exceeding our benchmarks. Sanlam Collective Investments has appointed SIM as the asset manager for its unit trust funds, catering for the full spectrum of risk profiles.

More about Satrix Managers:

Satrix, pioneers in the passive management space are now fully owned by Sanlam. It was the first to market with a passive solution and recently launched SA’s first smart beta multi-asset fund. The Satrix range is Sanlam’s answer to the growing demand for low-cost investments with a predictable index-linked outcome.


Sanlam Collective Investments (RF) (Pty) Ltd and Satrix Managers (RF) (Pty) Ltd, a registered and approved Manager in Collective Investment Schemes in Securities. Collective investment schemes are generally medium- to long-term investments. Past performance is not necessarily a guide to future performance, and that the value of investments / units / unit trusts may go down as well as up.

A schedule of fees and charges and maximum commissions is available from the Manager on request. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio.